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General Politics, Economy, Latest Politics, National Politics, Top Stories
Thursday, January 2nd, 2025
Hardship: Tinubu floats company to bring down food, drug prices By John Alechenu • To unveil National Values Charter • Says youth confab to begin Q1’25 • PDP charges Tinubu to address insecurity, food crisis ABUJA—-President Bola Tinubu said yesterday the Federal Government hopes to bring down the price of food and promote local manufacturing […]
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Economy, Headlines
Saturday, September 28th, 2024
Banks close 23.3 million customer accounts in July 2024 By Elizabeth Adegbesan • as dormant account falls 7% Commercial and Merchant banks closed 23.3 million customers bank accounts in July 2024. This represents a 0.56 month-on-month (MoM) increase when compared to 23.17 million bank accounts closed in June 2024. Analysis of data from Nigerian Interbank […]
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Economy, General Politics, Headlines, Naira (Currency), National Politics, Top Stories
Sunday, August 11th, 2024
Naira gains N42.88 against dollar weekly amid CBN auction system By Ogaga Ariemu The Naira gained N42.88 against the dollar at the foreign exchange on a week-on-week basis amid the Central Bank’s commencement of the Retail Dutch Auction System. This is according to FMDQ data in the last seven days. Last week Friday, August 2, […]
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Economy, Headlines, Naira (Currency)
Tuesday, April 16th, 2024
Naira strengthens to N1,000 against Dollar By Sikiru Obarayese The value of the naira gained strength midday on Monday, opening at N1,130 to the dollar but rising to N1,000 by noon at the parallel market. This surge comes as traders anticipate another round of dollar sales to Bureau de Change (BDC) operators this week. Last […]
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Economy, CBN (Central Bank of Nigeria), Headlines, Latest Politics
Friday, March 8th, 2024
By Babajide Komolafe, Economy Editor The Central Bank of Nigeria, CBN, has reported a 433 per cent upsurge in Diaspora remittances to $1.3 billion in February from $300 million in January. Disclosing this yesterday while speaking with newsmen in Abuja, the Acting Director of Corporate Communications, CBN, Mrs Hakama Sidi Ali, said, “The Bank’s data […]
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Nigeria Labour Congress (NLC), Economy, Headlines
Friday, March 8th, 2024
See how much some States are offering workers as new minimum wage Vs what NLC is demanding in regions of the country By Oladipo Abiola Some state governments have rejected the new minimum wage demands made by the Nigeria Labour Congress (NLC), describing it as unrealistic and unsustainable. Some of the states that have rejected […]
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Economy, Naira (Currency), Today's Politics
Friday, February 23rd, 2024
By Yinka Kolawole The International Monetary Fund, IMF, has warned that the official exchange rate may further depreciate by about 35 per cent, this year, adding that this could lead to inflation rate peaking at 44 per cent before the monetary policy tightening could bring the situation under control. Naira, yesterday, traded at N1,542.58 […]
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Economy, Headlines, Naira (Currency)
Tuesday, February 20th, 2024
By Enioluwa Adeniyi Nigeria’s local currency, the naira, has plummeted to a new low, now trading above 2,000 naira against the Great Britain Pound in the parallel market. This was confirmed by a Bureau de Change operator in Wuse Zone 4, Malam Ibrahim, who spoke with Punch. He noted the currency’s significant depreciation amidst persistent […]
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Economy, Headlines, Naira (Currency)
Friday, December 8th, 2023
By Elizabeth Adegbesan The naira yesterday depreciated to N951.22 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N951.22 per dollar from N806.73 per dollar on Tuesday, indicating 18 percent or N144.49 depreciation for the naira. Similarly, the naira depreciated to N1,172 […]
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Economy, Headlines, Naira (Currency)
Saturday, December 2nd, 2023
By Elizabeth Adegbesan The naira today depreciated to N927.19 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N927.19 per dollar from N832.32 per dollar on Thursday, indicating N94.87 kobo depreciation for the naira. The market recorded an intraday high of N1160 […]
